High cost of goods, transport fare push inflation to 12.08%
By Emmanuel Elebeke The consumer price index, (CPI) which measures inflation increased by 12.82 per cent (year-on-year) in July 2020. This is 0.26 per cent points higher than the 12.56% rate recorded in the previous month as a result of increases recorded in all Classification of individual consumption by purpose (COICOP) divisions that yielded the […]
Border closure contributes to rising inflation, FG admits
By Johnbosco Agbakwuru – Abuja The Federal Government has said that closure of the nation’s borders has contributed to the rising inflation. But the government has also assured that the closure is temporary as the government expects the neighbouring countries to respect the ECOWAS protocols to enable the reopening of the borders. This was made […]
BREAKING: Nigeria’s inflation rate climbs to 11.61%
As Border closure continues to push up prices of goods and services By Babajide Komolafe The National Bureau of Statistics (NBS) said that Nigeria’s annual inflation rate rose to 11.61 per cent in October. The NBS disclosed this in its monthly Consumer Price Index October 2018 report. The inflation measures the rate of increase in prices […]
Experts attribute September inflation rate rise to border closure
Financial experts on Wednesday attributed the rise in inflation rate for the month of September to border closure and the new minimum wage. They stated this in separate interviews with the News Agency of Nigeria (NAN) in Lagos, in reaction to the September inflation figure released by the National Bureau of Statistics (NBS) on Oct. […]
Inflation rises by 0.22% to 11.24% in September — NBS
The National Bureau of Statistics (NBS), says inflation rate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02 per cent recorded in August.
Zimbabwe’s monthly inflation fell in July
Zimbabwe National Statistics Agency on Wednesday said Zimbabwe’s month-on-month inflation fell to 21.04 per cent in July, down from 32.96 per cent in June.
NBS puts Nigeria’s inflation at 11.08% in July
The National Bureau of Statistics (NBS), said the country’s inflation measured by Consumer Price Index (CPI) stood at 11.08 per cent (year-on-year) in July 2019.
Headline inflation rate drops in June
Despite the decline in headline inflation rate to 11.2 percent in June 2019, analysts in the financial sector of the economy have projected that the headline inflation index will rise to 11.5 percent in the second half of 2019, H2’19.
Breaking: Nigeria’s inflation rate drops ― NBS
The National Bureau of Statistics, Monday, has said that Nigeria’s inflation rate dropped by 0.18 percent in the month of June.
Rise in food prices pushes inflation to 11.40%
The seasonal rise in prices of food items has further pressured the nation’s inflation rate in May 2019 to 11.4 percent, about 0.03 basis points above the previous month’s record. This would be the second consecutive uptick in the inflation rate this year, haven risen 0.12 basis points in April against March 2019.
Nigeria’s inflation rate hits 11.40% in May- NBS
The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.40 per cent (year-on-year) in May from 11.37 per cent recorded in April.
